Ørsted, Falck Renewables and BlueFloat Energy forge ScotWind alliance

4C Offshore | Tom Russell
By: 08/07/2021 Ørsted
Ørsted, Falck Renewables and BlueFloat Energy have formed a partnership to participate in the Crown Estate Scotland's upcoming ScotWind leasing round.

Martin Neubert, Chief Commercial Officer at Ørsted, said: "We recently announced our strategic decision to pursue floating wind opportunities and to drive the commercialization of this technology. Today's announcement reaffirms Ørsted's commitment to this exciting and rapidly developing new technology. Allying our strong in-house Development, EPC and O&M capabilities with partners that have unique hands-on experience in floating wind projects and a strong local presence in Scotland will enable us to deliver an exciting new proposition for Scotland."

Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. In 2017, Ørsted completed a transformation, ceasing all investment in oil and gas and fully committing to renewable energy. Ørsted has constructed 7.5 GW of offshore wind, including the world's first offshore wind farm in 1991, and currently has 27 offshore wind farms in operation across Europe, the USA and Asia Pacific.

With a total of 12 complete offshore wind farms in the UK, Ørsted insists that its sites are able to produce enough green electricity to power over 4.2 million homes a year. This is expected to rise to over 5.5 million homes when its current construction projects become operational.  

Duncan Clark, Head of Region UK for Ørsted said: "We have seen the positive, transformative impact of Ørsted's offshore wind farms in providing clean, cheap energy for homes and businesses; investing in our supply chain and opening access to opportunities across the globe; and creating new jobs and skills that leave a lasting legacy in communities across the country. This success is something we are very keen to replicate in Scotland.

"The ScotWind leasing round is a crucial step in the Scottish Government's plan to deliver up to 11 GW of offshore wind capacity by 2030 and will be pivotal to a truly green recovery from the COVID-19 pandemic."

BlueFloat Energy has developed WindFloat Atlantic, one of the first floating offshore wind projects worldwide to secure project finance. It is is currently developing offshore wind energy projects under a global mandate and is backed by 547 Energy, the renewable energy investment platform of Quantum Energy Partners, a US-based sustainable energy focused private equity firm with over $17 billion of assets under management.

BlueFloat Energy's CEO, Carlos Martin, said: "Announcing our partnership with Ørsted strengthens BlueFloat Energy's position in the floating wind market since it endorses our value proposition as a technology-neutral expert with a decade of unique experience and knowledge in developing floating wind projects. Floating wind is an emerging industry and we are excited to announce our partnership with Ørsted. It reinforces our capabilities and creates a winning consortium for a very competitive Scotwind leasing round."

Falck Renewables S.p.A., listed on the Italian stock exchange ("FKR.MI"), develops, designs, builds and manages power production plants from renewable sources, with an installed capacity of 1,320 MW in the United Kingdom, Italy, United States, Spain, France, Norway and Sweden, using wind and solar power, WtE and biomass technologies. The company has ten wind farms around Scotland from Kilbraur in Sutherland to Assel Valley in South Ayrshire and has its operational headquarters in Inverness.  

Richard Dibley, Managing Director of Falck Renewables UK, said: "Falck Renewables are committed to taking an active role in the development of floating offshore wind projects, as we are convinced the technology will play a crucial role in helping to reach Scotland's net zero goals.

"Ørsted's hands-on approach to working with local communities is a great fit with our more than 15 years of experience working in Scotland to develop projects which share their economic benefit as widely as possible with local people and we are excited about the opportunities this partnership will offer Scottish communities and the supply chain."